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from the explained-in-140-characters dept.
Despite the introduction of advertising, live video streaming, and the visibility of high-profile users like the President of the United States, Twitter remains unprofitable:
For all the buzz the San Francisco company has created as the preferred platform for U.S. President Donald Trump and other high-profile figures, Twitter has lost more than $1.5 billion cumulatively since it went public in late 2013.
The company has almost $1 billion in cash on hand, and the losses are due in part to employee stock compensation, a non-cash expense. That is little comfort, though, for shareholders who end up footing the bill for those costs in the form of dilution.
Further, the company said it was revisiting core advertising strategies, suggesting a quick turnaround on revenue was not likely. Fourth-quarter revenue of $717 million was well short of analysts' expectations.
(Score: 4, Insightful) by goody on Saturday February 11 2017, @12:45PM
It goes back much further than Fox News. With the repeal of the Fairness Doctrine, broadcasters like Rush Limbaugh nurtured toxic, radical conservatism in the late 1980s. It just wasn't recognized as "alt-right" until recently.
(Score: 1) by fustakrakich on Saturday February 11 2017, @01:45PM
I guess you never heard of Hearst and Pulitzer...
La politica e i criminali sono la stessa cosa..
(Score: 0) by Anonymous Coward on Saturday February 11 2017, @03:37PM
And in the '70s and '80s the media was controlled by Soviet loyalists or dupes while the toxic radicals were the only opposition to their propaganda. The mild milquetoast conservatives went along with all of it or stayed quiet and assumed that reasonable people would see through the lies. The same thing is happening today except it is the Muslim Brotherhood (which gave us al-Qaeda and ISIS) controlling the media and the universities and most of the internet and the national security bureaus of several Western governments, aggressively censoring any information that is opposed to the Muslim Brotherhood party line while they are carrying out Khalid Sheikh Mohammed's strategic plan for the invasion of Europe. Once again the mild milquetoast conservatives go along with it. The alt-right is forming the only viable opposition, so everybody else who has ever opposed the Muslim Brotherhood is getting lumped into the "alt-right" whatever their politics are. Much of what the media calls alt-right is the last generation of socialists and communists. The old Jews and gays and feminists who opposed Hamas and the Taliban are now considered alt-right and are getting tagged as "violent extremists" in government databases.
(Score: 1, Touché) by Anonymous Coward on Saturday February 11 2017, @04:46PM
In all fairness, if God never created the universe 6,000 years ago....